US is at 101% GDP (on the books).
We were downgraded because of political inaction, we didn't default on payments. That's what I was attempting to specifically reference.
Nothing to see here move along.
I thought I inferred that replacement and substitute are different animals.
Hope they are smarter that FED Governor Fisher.
Not to slight Fisher but these guys don't necessarily concur on general strategy, let alone unusual tactics to mitigate global instability. Would be interesting to know whether Fisher's colleagues agree, disagree or something in between.